The Cost of Renting Vs. Buying a Home

• Historically, the choice between renting or buying a home has been a difficult decision.
• Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choice becomes obvious.
• Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by purchasing a home this year!

Source.. KCM The DeBonis Team Blog

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